Following the onset of the pandemic, most tech stocks not directly related to mitigating the pandemic tumbled due to deflationary pressures. However, the unprecedented wave of stimulus programs bolstered equities, particularly risk-on names. Now that the Federal Reserve seeks to unwind prior excesses, deflationary forces again dominate the discourse. Nonetheless, for contrarian speculators, this narrative reopens the door for tech plays, specifically Sea (NYSE:SE) and MercadoLibre (NASDAQ:MELI) To be sure, each of these market ideas features a distinct angle to tech stocks that will be discussed below. For now, let’s set up the broader framework impacting the tech segment.
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MercadoLibre (NASDAQ:MELI)
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MercadoLibre (NASDAQ:MELI)
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